Ford Maverick reportedly has better residual value than Hyundai Santa Cruz
The numbers are in and this could affect lease rates
There's a new automotive battle in the US and this time it's the battle of the compact truck, Ford Maverick vs Hyundai Santa Cruz. We've seen numerous spec sheet comparisons, but what it will really come down to is which offers a better deal at the dealership, that includes lease, financing and purchase.
It's still too early to tell exactly how financing offers will fare for the Maverick and Santa Cruz, but recent analysis from CarsDirect shows, based off of a recent dealer incentive bulletin, that the Santa Cruz may be a worse truck to lease.
According to the analysis, the Santa Cruz, in it's entry level SE trim, will have a 60 percent residual value. This is based off of the $269 36 month lease deal with 10,000 mile annual allowance. $3,539 is due at signing effectively making the lease price $367 per month.
Ford on the other hand says that entry level Maverick XL has a 62 percent residual value based on 10,500 miles per year. The Maverick XLT trim has the overall highest residual value of 64 percent.
There are of course plenty of factors that could affect the lease rates, but based off residual value alone, the Maverick could be a be the better truck to lease. It's also important to note that at this time Ford hasn't released all of the Maverick's lease offers.
We already know that the Maverick is better price wise than the Santa Cruz and that may continue to be the case when it comes to leasing offers, we'll have to see. But what we know right now is that that does come with a catch. According to CarsDirect, the Maverick XL will be excluded from the promotional lease deals which would force buyers to look into the pricier option.
Of course all of this analysis could change once the real lease offers for the Maverick are released. And when it comes to purchasing, make sure to do your own research to find what is best for you, the buyer.